One of the major factors driving the market studied is the increasing demand for Styrene acrylonitrile butadiene styrene (ABS) in the automotive and construction industries. Competition from low-priced polyester fibers in the textile industry is expected to significantly hinder the growth of the market studied.
This report on the global Styrene Acrylonitrile Market is a detailed research study that helps provides answers and related questions with respect to the emerging trends and growth opportunities in this particular industry. It also highlights each of the prominent factors related to the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.
The Styrene acrylonitrile market is expected to register a CAGR of around 5% during the forecast period
Top Companies in the Global Anionic Surfatants Market-: Korea Kumho Petrochemical Co., Ltd (KKPC), Eni, LG Chem, Entec Polymers, Trinseo, Ineos, Formosa Chemicals & Fiber Corp, Chi Mei Corporation, Taita Chemical Co., Ltd
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Scope of the report:
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Styrene Acrylonitrile Market Segment by Type
Styrene Acrylonitrile Market Segment by Application
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Acrylonitrile butadiene styrene (ABS) is a thermoplastic that provides a diverse combination of properties, like resistance to chemicals, heat, and impact.
The consumption rate of ABS resins is increasing in the consumer appliances segment, the largest end-user segment, which accounts for about 40% of the global ABS resin consumption.
The second-largest end-user is the electrical and electronics industry, which accounts for approximately 25% of the overall consumption.
The automotive industry accounts for about 12% of the global ABS resin consumption.
Due to its superior properties, such as strength and durability at low temperatures, it is widely used in the automotive and electronics industries.
Moreover, as ABS is lightweight in nature, its demand runs parallel to the demand for lightweight automobile.
Additionally, growing developments in 3D printing, around the world, are also projected to increase the scope of application for ABS, in the near future
Market Segment by Regions, regional analysis covers:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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